San Mateo County Electrical Apprenticeship & Training Trust
- Assets
- $14.6m
- Revenue
- $3.8m
- Investments
- $1.8m
- Employees
- 36
- Location
- San Jose, CA
- Founding
- 07/2005
- Data as of
- 10/2020
- EIN
- 23-7225581
Organization Overview
San Mateo County Electrical Apprenticeship & Training Trust is located in San Jose, CA. The organization was established in 2005. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 10/2020, San Mateo County Electrical Apprenticeship & Training Trust employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Mateo County Electrical Apprenticeship & Training Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2020, San Mateo County Electrical Apprenticeship & Training Trust generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $2.9m during the year ending 10/2020. While expenses have increased by 13.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE JOURNEYMEN AND APPRENTICE TRAINING FOR ELECTRICAL WORKERS COVERED BY THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE UNION AND ELECTRICAL CONTRACTORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE JOURNEYMEN AND APPRENTICE TRAINING FOR ELECTRICAL WORKERS COVERED BY THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE UNION AND THE ELECTRICAL CONTRACTORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Barber Training Director | Officer | 48 | $200,060 |
Deanna Stokes Administrative Assistant | 40 | $103,563 | |
Thomas Scherer Trustee | Trustee | 0 | $0 |
Joe Fitzgerald Trustee | Trustee | 0 | $0 |
Brian Iwashita Trustee | Trustee | 0 | $0 |
Bill Kuhr Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $689,380 |
| Investment income | $122,716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $676 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,815,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,060 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $961,903 |
| Pension plan accruals and contributions | $140,099 |
| Other employee benefits | $170,334 |
| Payroll taxes | $84,518 |
| Fees for services: Management | $18,000 |
| Fees for services: Legal | $2,712 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,297 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $62,882 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $247,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,770 |
| Interest | $33,711 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $318,272 |
| Insurance | $23,306 |
| All other expenses | $0 |
| Total functional expenses | $2,916,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,831 |
| Savings and temporary cash investments | $3,027,827 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $302,562 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,098 |
| Investments—publicly traded securities | $2,492,899 |
| Investments—other securities | $1,770,825 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,638,732 |
| Accounts payable and accrued expenses | $76,684 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $665,233 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $741,917 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $13,896,815 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that San Mateo County Electrical Apprenticeship & Training Trust has recieved totaling $14,443.
| Awarding Organization | Amount |
|---|---|
Electrical Training Alliance Bowie, MD PURPOSE: FEDERAL GRANT - TRAINING | $14,443 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Nevada Culinary And Bartenders Training Fund A Trust North Las Vegas, NV | $6,674,284 | $16,437,102 |
National Test Pilot School Mojave, CA | $24,506,329 | $10,175,597 |
District Council 16 Northern California & Apprentice Training San Leandro, CA | $28,313,624 | $15,228,971 |
Seiu 503 Training Partnership Portland, OR | $26,268,019 | $3,868,415 |
Las Best Los Angeles, CA | $11,946,723 | $9,062,975 |
Codepath Org San Francisco, CA | $6,941,504 | $9,162,565 |
Neca-Ibew Electrical Training Trust Portland, OR | $14,916,871 | $7,992,939 |
Quest Scholars Program Palo Alto, CA | $18,833,898 | $9,171,706 |
E-Institute Charter School Inc Glendale, AZ | $5,349,223 | $5,255,212 |
Casa Loma College Van Nuys, CA | $6,230,067 | $6,276,144 |
Calibre Academy Inc Glendale, AZ | $11,926,641 | $5,251,509 |
Center For Caregiver Advancement Los Angeles, CA | $5,193,461 | $5,055,264 |